The report did get one thing right. (Video) PROOF That The Music Industry & Private Prisons SET UP Hip Hop Artist & Its Listeners For PROFIT!! You can even specify the amount of deviation, known as tracking error, from the benchmark you are willing to live with in order to match your values. This included a $100,000 payment that apparently violated campaign finance laws; the contribution was made while private prison companies were negotiating with the Department of Justice on whether to continue using private prisons on a federal level. Brian Lehrer: Listeners, we have time for a few questions on maybe whether you're unwittingly investigating in private prison stock or the prison-industrial complex generally, or anything you might want to ask our guests about this in particular, the last segment and our Punishment and Profit series today on investing wittingly or unwittingly in the private prison industry. I think it's really important. 5 CoreCivic and GEO Group operate approximately 72% of all privately contracted ICE immigration detention beds. Assaults between those in prison occur 65% more often at private prisons as well. Get a head start on the morning's top stories. They're losing financing. FYI.. Michael Jordan is NOT an investor in private prisons. The embattled activewear giant has been accused of dismal working conditions in its factories several times. The exact form that will take is up to the individual. Medicant can extremly grossly oppose. Just because an investment scores high in Prison Industrial Complex doesnt mean that it will score high in other categories. T. he United States incarcerates 716 out of every 100,000 people, a higher rate than any other country in the world. Private facilities have been shown to hire fewer staff and train them less. These are large, large pools of money and they're long-term investors, but they did the analysis and they found that these investments are too risky to remain invested in and decided to pull out. I think they've gone down a lot over the years. 82 names 1. This how rich I wanna be #michaelbjordan#michaeljordan#mj#mj23#michaeljordan23#jordanbelike#rich#michaeljordanmeme#richasfuck, A post shared by Sammy Cutz (@_sammy.cutz_) on Apr 17, 2018 at 11:32am PDT. On June 5, 2007, Paris checked herself into the Century Regional Detention Facility. George Zoley All Rights Reserved. Share. This text may not be in its final form and may be updated or revised in the future. Michael Jordan vs. 17. Both the United States and United Kingdom accepted prison privatization as a response to rising incarceration rates. If you want professional help, be sure to ask specific, probing questions about the persons approach and the tools he or she might use to help you. CCAs ten largest institutional investors owned approximately 67.7 million shares in the company, or almost 58% of the companys total issued stock. Welcome back one more time, and Elizabeth, welcome to WNYC. What if I told you you already are.. July 31, 2018 at 2:28 am, In this handout image provided by Jordan Brand, Michael Jordan paid a visit to Palais 23 this afternoon on Friday June 12, Joined by his frequent partners-in-design Tinker Hatfield and Mark Smith, key figures in the 30-year evolution of the Air Jordan, Jordan has returned to Paris to mark the 30th anniversary of 1985's Air Jordan One. Under Maryland state law, MD Corp. & Assn. There is a Michael Jordan that invests in prisons. A group of artists, athletes and activists has joined together in support of Real Money Moves, a new initiative to keep money out of private prisons. When you use the tool, if your mutual fund or exchange-traded fund is found, it will be scored A through F. It also lists the companies that it finds offensive and gives you a brief explanation why. Although Richard Nixon and Ronald Reagan are largely responsible for the drug-war policies that caused the prison population to skyrocket, Bill Clinton was a "tough on crime" president who continued their ideas. They also pay less, leading to higher turnover and less experienced and well-equipped officers. (Video) Why Are People Accusing Michael Jordan Of Owing Prisons And What's The Bigger Issue? Brian Lehrer: Let me get one listener question before we run out of time and it's Jean in Manhattan, you're on WNYC. You may want to check out As You Sows methodology to get a better understanding of their grading system. "High recidivism". As OITNBs Alysia Reiner says in the Real Money Moves announcement video, premiered above: Would you be comfortable profiting from imprisoned families? So clearly, some people are making lots and lots of money off the booming business of keeping human beings in cages. PEOPLE's 100 Companies That Care 2021: Meet the Employers Putting Their Communities First, Ellen DeGeneres Boycotts the Beverly Hills Hotel: About Its Connection to Brunei's 'Barbaric' Anti-Gay Laws, 'It's Not Right': 27 Actresses Who've Spoken Out About Being Paid Less than Male Stars, Pregnant Carrie Underwood Shows Off Her Baby Bump, Plus Cardi B, Gwyneth Paltrow & More. BUT not the Michael Jordan who's flying and slamming balls in hoops. Thirty-one states and the federal government incarcerated 116,000 people in private prisons in 2019, representing 8% of the total state and federal prison population. Allegedly, Mannix offered Nike cheap labor in the form of prison inmates. Jordan has amassed as many critics as he has fans. Brian Lehrer: Elizabeth, are there places that people can go to easily find out whether their pension fund, or their university's endowment, or just a mutual fund that they as an individual might be invested in a 401(k) or whatever has prison industry stocks included in it? In that case, you could balance those least-offensive investments with an IRA or maybe even a prior 401(k) or 403(b) plan from a previous employer. Private prisons pose particular problems. Arguably, these are jobs that would pay a minimum wage to those not incarcerated, allowing them a way to feed their families. CCA board member Thurgood Marshall, Jr., son of the late U.S. Supreme Court justice (and FBI informant), owned 42,391 shares as of March 30, 2015, and CCA executive vice president Harley G. Lapin a former director of the Bureau of Prisons hired by CCA shortly after he retired from the BOP following a DUI charge owned just over 70,600 shares as of March 24, 2015. There's litigation risks. Bianca, Elizabeth cited those two stocks, in particular, GEO Group and CoreCivic, are there others that you would put high on the list of prison industry stocks to be aware of if people do want to divest? GEO executives with significant stock ownership include CEO George Zoley, who owned 193,712 shares as of May 14, 2015; senior vice president and general counsel John J. Bulfin, with 120,023 shares as of March 2015; and GEO board member (and former Bureau of Prisons director) Norman A. Carlson, who owned 34,894 shares as of June 8, 2015. Yes, Biden's election, I think the writing was on the wall. Nearly every private prison deal includes a "bed mandate" that requires the state to fill 90-100% of the beds in privately-owned detention facilities. Its motto is to "Better the Public Good". Using public data, I came up with some names. May 4, 2021. "As more information comes to light regarding the egregious conditions at U.S. border . The company is one of the nation's largest private prison operators and also. In response to this unethical expansion of corporate influence in their carceral systems, the two states should expand their social programs, eliminate harsh sentencing practices, and abolish private prisons themselves. Janome Memory Craft 500e Review (March 2023), Janome MB-4Se Four-Needle Embroidery Machine w/ FREE BONUS (MB4 or MB4N Upgrade). Its the lawmaker who reportedly invests in private prisons. pic.twitter.com/J0XpUKqUkE, CityBoySizzle ?? Are small businesses vulnerable to cyber attacks? Invincibly inartistic kent will be celebrities who invest in private prisons. And the only way to make sure that we're not individually and collectively profiting off of it is to close these things. But hes just not the Michael Jordan we all know! BlackRock CEO Larry Fink is well-known for penning annual letters to fellow top executives, challenging them to combat racial and social inequality. According to the LA Times, Spector was the first celebrity found guilty in over 40 years. How do I report excess contributions removed? That happens because we are so free in this country.". The federal government is in the midst of a private prison expansion spree, driven primarily by Immigration and Customs Enforcement (ICE), an agency that locks up roughly 400,000 immigrants each year and spends over $1.9 billion annually on custody operations. The average time an immigrant spends in a detention center ranged from 30-40 days, so taxpayers paid an average of $3,810 to $5,080 per immigrant and $9,570 to $12,760 per immigrant family in . The two operate a majority of the facilities under the Bureau of Prisons. 2. The star-studded list of supporters who together have committed more than $10 million includes Maggie Gyllenhaal, Alyssa Milano, Ellen Pompeo, Natalie Portman, Amy Schumer and Gloria Steinem,. "Private prisons have incentives to make money [and] to cut costs," he says. Does the government make money off of prisons? What are the pros and cons of private prisons? And Vice President Joe Biden was a principal player in the Clinton era's crime policieshe wrote the Violent Crime Control and Law Enforcement Act, which, among other things, called for $9.7 billion in increased funding for prisons and stiffer penalties for drug offenders. Many big banks, including Wells Fargo (WFC), JPMorgan Chase (JPM) and, most recently, Bank of America (BAC), are cutting back on business relationships with CoreCivic, GEO and other privately held. CDCR additionally staffs California City Correctional Facility, which was leased from CoreCivic starting in 2013 as part of measures to reduce state prison overcrowding. PLN printISSN: 10757678 |PLN online ISSN: 2577-8803, Corrections Corporation of America/CoreCivic, Greenwashing Washington States Prison System in a River of Sewage, Inside the Shadowy Business of Prison Phone Calls, Tennessee Prisoners Suing Private Prisons Not Required to File in Local Venue, CA: Persons on Community Supervision Eligible to Seek Transfer to Another State, Final Class-Action Settlement Pending in Kids for Cash Scandal, Prisoners Released When Jails Cant Feed Them, Investigation Forces Arizona Clemency Board Chairman to Resign, Notorious Psych Ward at Miami-Dade Jail Finally Shuttered, Ninth Circuit Finds Graham v. Florida Retroactive; 254-Year Sentence Unconstitutional. Fink is well-known For penning annual letters to fellow top executives, challenging them to combat and. High in other categories [ and ] to cut costs, '' he says that Would pay a minimum to. 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